Negative sentiments have persisted on the floor of the Exchange with the All-Share Index falling further lower by 0.3% to 38,601.83 basis points on Tuesday from Monday’s closing of 38,712.55 basis points.
The Market Capitalisation also fell 0.3% from Monday’s closing of 20,260 trillion and stood at 20,202 trillion Naira at the close of Tuesday’s trading.
This second day loss is attributed to profit-taking in GUINNESS NIG PLC which closed with a -9.9% decline.
However, the total volume of trades increased by 7.6% to 208.81 million units, valued at N2.91 million, and exchanged in 4,013 deals.
FIDELITY Bank Plc was the most traded stock by volume at 38.56 million units, while GUARANTY Trust Bank Plc was the most traded stock by value at N951.30 million.
Analysing sectors’ performance, the Consumer Goods fell 0.4%, Oil & Gas declined by 0.2%, and Industrial Goods declined by 0.1%, while only the Insurance index grew by 0.6% even as the Banking index closed flat.
Market sentiment remained negative with 18 stocks declining relative to 15 gainers.
GUINNESS NIG PLC was the biggest loser with a 9.9% fall followed by TRIPPLE GEE AND COMPANY PLC which fell 9.7%, topping the losers’ list, while JAPAUL GOLD & VENTURES PLC which appreciated by 8.70% and NIGERIAN AVIATION HANDLING COMPANY PLC which gained 7.4%, recorded the most significant gains of the day.
Mercy Chukwudiebere
